Wednesday, October 22, 2008

Der Verrückte Wechselkurs


Since I've arrived, the value of the Euro has plummeted - it hit at 19-month low today. When I left on the 13th, the Euro was hovering a little under $1.36 per. Now It's at $1.285. 8 cents may not sound like a lot of money, but let's say, hypothetically, I had $10,000 to finance my trip. When the Euro was at 1.36, that was only 7,352 euros. Now, that's 7,781 euros. I would have "made" almost 450 euros in the course of a few days.

Not too much money in the grand scheme of things - but look at May-July, when I was originally planning this trip; the rate was as high as 1.60 - the money was only worth 6,250 euros.

Of course, the plummeting euro comes as the rest of the world market seems to be imploding, so while it's good news for me in the short term, it's bad news for everyone else, and for me in the long term. Still, it will be interesting to see how this affects life in Berlin. Maybe coat on sale for 175 euros will cost me even less.

PS -I had to do A LOT of very basic math for this post, but it totally flummoxed me. I hope you all appreciate it. Who says I'm not having fun?

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